Vietnam's VBTC Partners with Coinarch to Launch New Platform, Offering 8x Leverage and Short Trading

Vietnam's first Bitcoin exchange VBTC has partnered with white label technology provider Archcoin to enhance its platform and offering.

The exchange launched earlier this year with the help of Bit2C, an Israel-based exchange which itself played the role of technology provider.

The new platform is designed to incorporate best practices in today's industry and add multiple security features including Cold Storage . Most noteworthy is the offering of margin and short trading, with up to 8x Leverage available.

Said Nguyen Tran Bao Phuong, CEO of VBTC Vietnam Co. Ltd.:

"The spill-over effects of international cooperation and mutual exchange of knowledge will allow the domestic industry to grow and prosper along this way; paving the path for further international integration of the Vietnamese economy. We believe that this is a great - and necessary - step forward for the development of the domestic market to provide Vietnamese clients direct access to such technological, top-notch solutions."

The new platform will be called "VBTC Plus" and is scheduled to launch within a few months.